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does this leave him? assume that he gets confirmed, he has to be a tough -- a tough guy at the pentagon. he is going to be tough with congress. he has to deal with the potential of the sequester, fighting for the budget that he does get, dealing with all of the problems that come at you when you are in charge of the pentagon and the generals and the other members of the joint chiefs are going to feel they can run over him. >> we'll see about that. i assume that every general with any number of stars was watching intently yesterday, and might have had that thought in mind. you said another important word, which is sequester. it's going to be a huge mess over there trying to, first, anticipate this, and then deal with whatever the new reality is. i do think that it was ugly yesterday. it was ugly on both sides. the white house wasn't so much from what i heard defending his performance as saying that those mean republicans also performed in an ugly and bad and not very attractive way. i don't think anybody looked particularly good in that showdown. i also think it's very clear that this is
's oil flows. lawmakers have until march the 1st to cut $500 billion from the pentagon's budget over the next decade. if they don't automatic cuts kick. in with that dangling overhead the military has had its hands tied they tell us. jennifer pentagon -- griffin is at the pentagon tonight. i know they want more money. >> that's right. it is significant in terms of the message that it sends to iran right now in a very tense time in the middle east. but it is and it is the first concrete sign that the budget uncertainty is going to have a real impact on national security. at a time when tensions are are high with iran over its nuclear program and negotiations might be coming soon, the u.s. had had a policy of having two aircraft carriers over the golf for the past two years. the uss eisenhower will deploy later this month. but it will go alone we're told to replace the uss. according to george little said facing budget uncertainty continuing budget resolution and across the board sequestration cuts made this request to the secretary and he approved. secretary of defense approved to rev
to the pentagon and military bases. joining sus-- us now congressman whitman who is urging the president and congressional leaders to find a way to make a deal and stop the cuts. great to have you here today. >> great to be with you. >> i know you are concerned about notice compromise reached. testimony us what will happen to virginia if sequestration goes through. >> for the entire state of virginia, it could mean reduction much 20,000 jobs and a impact on the state. the district i represent would be severely affected by that. we have a large number of military installation and dod civilian . eeps and main contractors that do a great job supporting our military. for our state and congressional district, impacts will be severe. >> they will be severe . isn't it true even with the sequestitration, the federal government will be spending more than 2013 than it did in 2012. >> it will, orchall government spending has to be decreased and we need to get on track to do that. i want to make sure we do it in a smart way. the way the cuts are put is not the smart way. in 2011 and these additional
with us. nbc's chief correspondent. what are you hearing at the pentagon. >> officials knew this was coming although they didn't know the exact timing. this one has set off alarm bells, particularly because of the size of the blast. we're not relying on north korea claims here. south korea's seismic readings on the blast said it was somewhere about 6 or 7 kilotons, which could make it anywhere from 3 to 6 times more powerful than any previous weapon they set off before. north korea did claim they did this with a much smaller warhead, which would indicate they could be making progress miniaturizing a missile that could be launched at the united states. that's north korea and nobody is taking that seriously at this point and quite frankly, that's impossible to prove. within minutes, it seemed, after the blast was reported, the white house responded and president obama called it a highly provocative act that undermines regional stability and threatens ultimately u.s. national security. the president said it demands swift and credible action by the international community. that'
years, the pentagon said it can't afford to keep two aircraft carriers in the persian gulf. the u.s.s. truman would have left today from norfolk, virginia. defense secretary leon panetta blamed the cut back on is he quest ration saying if congress can't rewrite the law, things get worse. >> instead of being a first-rate power in the world, we turn into a second-rate power. that would be the result of sequester. >> you won't find this chairman arguing we need to do more with less. you'll find me arguing if that happens, we need to do less with less. >> russia will surpass u.s. defense spending in terms of overall percent of gdp in just two years. china is slated to overtake the u.s. in 2035. >> we've seen double digit increase s in chinese defense spending for more than 15 years now, and that really should not only give pause to the united states but it really should be a source of concern for the countries in the region as well. >> reporter: two years ago, then defense secretary robert gates brow beat nato allies to spent two percent of their gdp on defense. when france wanted to
the pentagon and the c.i.a. new reportes of computer hacking, and the threat of cyber attacks. we'll also hear from mike rogers. senator jack reed of the armed services committee. former democratic congresswoman jane harman, now with the woodrow wilson center. james lewis of the center for strategic and international studies. and our own justice department correspondent bob orr. for analysis weal talk with kevin merida, managing editor of the "washington post." and david leonhardt, washington bob orro cheat "new york times." it's cold outside but getting warmer inside because this is "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning again. well, the blizzard 2013 may have set records in some areas for snowfall. five states received over two and a half feet of snow. 40 million people in the region have been affected. over 350,000 are still without power in the northeast. and so far, eight deathhave been attributed to the storm. it is bound to get worse as weather forecasters tell us another storm is o
the feds would have to furlough hundreds of thousands of workers. jennifer griffin is at the pentagon tonight. how bad do officials say this will be for the military. >> in if you listen to the military, really bad. >> instead of a first rate power in the world second rated power that would be the result of sequester. >> you won't hear this chairman arguing we need to do more with less. if that happens we need to do less with less. >> the real problem is as the u.s. and allies. adversaries are doing opposite. russia will surpass defense spending in just two years. china is slated to overtake the u.s. in 2035, shepard. >> shepard: jennifer, analysts are saying that the u.s. defense budget is still larger than the next 13 countries combined. how in the world could this make us a second rate power? if is six times larger than china's official defense spending. >> you have seen double digit a increases in chinese defense spending for more than 15 years now. that should not only give pause to the united states but it really should be a source of concern for the countries in the region as w
. getting deals on pentagon contractors. >>> a day after burger king says twitter account was hacked, jeep says the same thing. cadillac is owned by chrysler. jeep is not the only corporation reporting cyber attacks. apple says some of its macintosh computers were attacked. >> the cash strapped postal service is trying its hand at side action. starting this fall, they will launch a clothing line. the apparel and accessories will be called rain, heat and snow. technology to create smart apparel also known as wearable electronics. jackets with i pod controls built into the sleeves. i like it. may i also say i went to the united states post office yesterday in the bethesda yesterday. met a wonderful gentleman, bernie. he's been trying to craft a perfect tony and tucker question. we love the united states post office. >>> still ahead in our next half hour, a dire warning from the white house. might it be a little too late however? >> and we're going to sit down with our team for a look at why a deal to stop the sequester probably won't happen. >> but first an american in saint peters seat? wha
level that he had been waterboarded. he had practiced at the pentagon. he had been working on this. but when he referred to containment on iran rather than prevention of nuclear weapons and had to be corrected and then corrected again, a note was passed to him, and then the chairman helpfully said to him, containment is not a policy at all. that is not our policy. that is such a critical mistake on an issue that he knew that he was going to be asked about. we knew that he was going to have to explain the, quote, jewish lobby and take that back and some of the other things. the way he did it didn't seem crisp. and then when ted cruz wheeled in the tv screen to play an al jazeera talk show and put him on the spot or how he defended israel or didn't defend israel in response to a question on a talk show, it would be like somebody saying to you or mika, joe, you were on c-span ten years ago, and what did you say to someone who called in? that was very, very tough. >> that was sort of my point at the top. >> it's interesting that you had said, mika, yesterday as we were going to a meeti
? >> at the pentagon. >> this is the first time hearing of this. when did this happen? did they make this decision on the cruise ship? >> no. no, they didn't. it actually happened in washington. >> really? that's fascinating. >> which is its own permanent port-a-potty. >> okay. mika, for those of us that were just sitting there looking at a cruise ship for 24 hours instead of following the real news, why don't you catch us up with what actually happened yesterday in the news. >> republicans blocked a vote yesterday that would have ended the debate and allowed for a final decision one way or another. democrats fell just shy of the votes needed to advance the process. something president obama chalked up to partisan politics. >> there's nothing in the constitution that says that somebody should get 60 votes. there are only a handful of instances in which there's been any kind of filibuster of anybody for a cabinet position in our history. and what seems to be happening -- and this has been growing over time -- is the republican minority in the senate seem to think that the rule now is that you have
. they are also hacking pentagon contractors. >> when it hit the defense and steal documents, word documents, powerpoint documents, when they hit the private sector blue chip companies that are doing mergers and acquisitions, we see targeted threats against the e-mail. >> the democratic chair said this clearly demonstrates a need to pass cyber security legislation as soon as possible. >> in less than two hours, we will hear from president barack obama's new secretary of state. john kerry will talk about president obama's investments in foreign policy. after he addresses students and teachers, he'll sit down with the president at the white house this afternoon. >> president obama issues a dire warning just over a week before the dreaded budget sequester kicks in. if a deal isn't reached in congress, fox's doug luzader has the latest. >> reporter: tony, good morning. no one really expected we would be here. the sequester was designed to be unpleasant for democrats and republicans. doesn't look like they are going to be able to stop it. >> summoning first responders to the white house painting
was also inducted into the hall of heroes at the pentagon and honored with a parade. since then meyer has raised more than a million dollars to help send the children of wounded marines to college. and finally, as you have all seen, he is the author of "into the fire: a firsthand account of the most extraordinary battle in the afghan war." leading authorities is very proud to exclusively represent dakota meyer, and now i want to show you a video to hear more about dakota and his story. thank you. ♪ >> it's kind of frustrating because, you know, everyone wants to get an interview about the worst day of your life. >> it was a straightforward mission that then-21-year-old sergeant dakota meyer had been assigned that day. meyer waited anxiously by the vehicles as his team began their parol of the village on foot. as they approached, all hell l broke loose. more than 50 insurgents fired from positions on mountains surrounding the valley and from within the village. back at the vehicles, meyer heard the firing and could see into the valley. the volume of fire increased, and the radio traffic
. administrators at the golden gate area say they have started planning for it. >> the pentagon has grounded it's entire fleet of f-35's after finding a cracked engine blade on one plane. officials say that the problem came to light during a routine inspection at edward's air force base. the announcement as some members of congress have been questioning the cost of the f- 35 program. it's the pentagon's most expensive weapons program at almost $400 billion. >>> right now supporters of drake's oyster bay company are holding a vigil to try to keep the company from shutting down. people have been gathering since 6:45 last night at the sacred heart church and say they will stay there until 6:45 tonight. they say they are praying for the 31 employees who could loose their job if the company is forced to shut down. after the department refused to renew the lease that company took it to court and lawyers have just submitted final arguments. >> two california highway patrol officers are talking about their close call with a mountain lion near sacramento. it started last weekend when the two were sent
its new leader, kim jong un. we'll have a live report from the pentagon straight ahead. >>> a big development in the story we've been following, two men now charged in connection with the murder of a 15-year-old chicago girl who performed at the president's inauguration. we'll get reaction to that news from her parents who, by the way, will attend tonight's state of the union address with the first lady. >>> we'll also talk to a senior white house adviser about the pre's address. >>> then we'll take a turn. you may have heard of snap chat. it lets you send a picture and control how long people view it. we told you some parents are raising concerns about its safety. coming up, what its young founder has to say about that. >>> sports illustrated is out with its swimsuit issue today. the woman on the cover? same woman on the cover last year. ho-hum. kate upton. that is an amazing shoot in antarctica. kate will join us live to talk about that. >>> and then why is al weathering the elements in this new psa? he will explain. >>> nuclear test overnight from a defiant north korea. nbc's j
, not to their scout leadership. >> sounds like the pentagon will be making news on this front as well, ed. >> reporter: that's right. we're told we can expect in the next few days that pentagon officials are going to announce some benefits to the same sex couples, basically, involving service members. this will involve sort of health and welfare programs, but it's important to note that it will stop at not recognizing same sex marriages between service members and either, you know, fellow service members or civilians because of the defensive marriage act prevents the government from recognizes those marriages. >> ed henry on the north lawn at the white house. good to see you. >>> lawmakers in a few states are now considering printing or minting their own money. forget about the greenback. that's a myth. virginia has other thoughts or at least some in virginia. we won't put this on all virginia ns. utah nickels, virginia dollars? we'll take a look at it. i say we get hotty-tty-totty benjamins, but that's for later. oh this is lame, investors could lose tens of thousands of dollars on their 401(k) to hi
be in the pentagon. and that was different from this bill. and so-- >> the problem is it couldn't get out of committee, and couldn't get passed on the floor. we have one bipartisan solution. my argument is let's start with what we know, given all the threats. by the way if you want to see what else could happen on an individual company basis, iran attacked a saudi oil company the state-owned ahamaco, and did something fairly remarkable-- they destroyed 30,000 machinees, computeres manipulated data and made it so they couldn't reconstruct the data. if you apply that to businesses around the country, think of the economic chaos that that would cause. so what you saw with the banks -- this is interesting-- iranians doing a probing action trying to look for vulnerabilities, and what we know is now they have this other capability that's laying on the table. that's concerning. and so we've admired this problem long enough. it is time it take action and do something about it. >> schieffer: let me ask you this, is part of our defense, part of our defense be we have an offense, and in fact don't w
on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> the pentagon will notify congress of its plan to furlough employees. more than 700,000 will be required to take one day off per week without pay if sequestration kicks in. >> maryland could be impacted most by sequestration. >> howard county officials are bracing. 50,000 officials hold positions that could be affected by the in. that can agaikick >> it will be devastating. it is not just the big contractors. it is also the small ones. >> calling on congress to get a deal done. the obama administration plans to stop cyber stealing. >> hallie jackson has details. >> the obama administration will announce it is going after countries that spy on the u.s. by hacking. the u.s. wants more fines as part of an aggressive stance against cyber attacks, especially those from china. a chinese military unit was linked to years of stealing secrets on mine from the u.s. and private companies. china says they have nothing to do with the cyber attacks. >> what has the administration done so far? >> the president ha
out of federal programs and the pentagon. 800,000 civilian employees have been told by the defense department that they will likely be placed on unpaid leave. with the house and senate still in recess, a number of democrats are calling for congress to reconvene to deal with this mess. secretary of state john kerry, meanwhi meanwhile, is reminding his former colleagues that actions here at home do have global implications. take a listen. >> it is often said that we cannot be strong at home if we're not strong in the world. but in these days of a looming budget sequester that everyone actually wants to avoid, or most, we can't be strong in the world unless we are strong at home. my credibility is a diplomat, working to help other countries create order is strongest when america, at last, puts its own fiscal house in order. and that has to be now. let's reach a responsible agreement that prevents these senseless consults. let's not lose this opportunity because of politics. >> you know, mike barnicle, politics is such a cruel, cruel game. seriously. there's one guy that gets to the to
allen. who is nominated to lead nato forces in europe. allen was also exonerated in a pentagon investigation of questionable email exchanges with a florida woman. she was linked to the sex scandal that led to the resignation of c-i-a director david petraeus. dunford says the move is not about a change of command, its about continuity. >> a big day for boeing. the company is analyzing results of flight tests on it's 7-8- 7 planes. the test saturday was the first since the dreamliner was grounded three weeks ago due to battery fires. the 7-8-7 flew out of boeing field in seattle. spending two and a half hours in the air. the dreamliner is the first commercial plane to rely heavily on lithium-ion batteries. back in january -- a battery short-circuited and caught fire on a plane that landed in boston. >> some incredible video o straight ahead, many people celebrate chinese new year. the year of the stak snake mt. tam. (music) ♪ yeeeowwww! ♪ hot mess hot mess hot mess ♪ ♪ you're a hot kind of love you set me on fire ♪ ♪ you spice up my night feed my every desire ♪ jack
say that means as many as 700,000 of the 800,000 civilians who work for the pentagon. >> this is not a beltway phenomenon. on our civilians it will be catastrophic. >> reporter: civilians like sue ann fallenberg a single mom and administrative assistant at a naval school 3,000 miles away from washington in monterey california. >> i would have to get a part-time job to support my family. >> reporter: she is worryied about the 20% pay cut if she's furloughed or put on involuntary pay one day a week. >> can you reduce the rent for 20%? i can't say that. >> reporter: and it's not just cuts to the pentagon dozens of agencies including the fbi will also have to make difficult choices. >> the fbi would be in the position of having to evaluate where those reductions can come from, and that may impact in the national security arena. >> reporter: the president will continue in coming days to highlight the hardships to individuals and to the public at large if the cuts take place. democrats congressional campaign committee also goes on the offensive today.
. they don't receive combat pay and it's absolutely ridiculous. so recently, the pentagon established that a woman that serves in combat is entitled to receive all of the things that go with it to show our country's appreciation. so it seems to me that if we're going to have a draft and i really believe that if we did have a draft set up that congress would not be so anxious to the democrats and republicans to put our young people in harm's way. >> tell me why you say that because you're introduced this legislation multiple times and it's clearly something you're very committed to. you bet your life because the people in the congress that allow these things to go on, they have no fear that anyone in their community and their families are going to be making any sacrifice at all. less than 1% of americans, most of whom volunteer for economic reasons paid the price in terms of 6600 lives lost, tens of thousands of people wounded. veterans, american veterans coming home, disoriented, unemploy unemployed, some homeless and no one pays a price. i submit to you, we would not be in iraq, afgh
you very much. nice to be here. we're going to start with the entire fleet of the pentagon's f-35 fighter jets which is grounded this morning after a cracked engine blade was discovered on the air force version of the jet during a routine inspection. the pentagon immediately grounded all f-35s even though the navy and marine corps use different versions. the engine is being sent to the manufacturer to figure out how that happened. if you have an f-35, don't fly it today. sort of wait. >>> boeing is hoping to get its 787 dreamliners flying as soon as possible. the company's executives met on friday with the faa to talk about the ongoing battery issues that grounded that 787 dreamliner fleet in the first place. boeing is proposing a fix for the batteries even though they still don't know what caused them to overheat. the faa says it is reviewing the proposal very closely. >>> so you can now add microsoft to the list of companies that says it's been hacked. a small u.n. of computers were infected -- small number of computers were intected with malware. it's similar to the ones that p
budget is shrinking but our enemies is growing. for the first time in two years, the pentagon says it can't afford to keep two aircraft carriers in the persian gulf. the truman would have left today from norfolk, virginia. leon panetta blamed it on sequestration saying if congress can't rewrite the law, things will get worse. >> instead of a first rate power in the world, we turn into a second rate power. that would be the result of sequester. >> you won't find this chairman arguing we need to do more with less. you'll find me arguing if that happens, we need to do less with less. >> as the u.s. and most allies decrease spending, adversaries are doing the opposite. china is slated to overtate the u.s. in 2035. >> you've seen double digit increases in chinese defense spending for 15 years. that not only gives pause to the united states but concern for the region as well. >> two years ago robert gates browbeat nato allies to spend 2% on defense but when france wanted to send force to say mallie, the u.s. paraded airlift and -- provided airlift. in the middle east, the gulf states are increa
the pentagon which is why the sequester idea was terrible. it's a choice between higher tacks and lower military spending. i don't know who agreed to that. the president likes that choice. >> even if congress would get together and give him the authority to change the areas we cut, even though we stay at the same dollar line, you would be of the opinion he would want to cut the military? >> absolutely. i think we will have the sequestration. i think the objective should be as soon as we can get military spending back up where it should be and cut domestic spending more deeply. >> former ambassador to the united nations, john bolton. great to see you. have a great weekend. >> thank you. >> remember the mayor and fired himself when the town was broke? he says it's not his fault he's illiterate. and did george washington really chop down a cherry tree? we have three minutes to study up because we are taking a history test. brian is getting behind the podium. that makes me nervous. are you cheating? >> what is this about george washington and me staying behind the podium? >> bite out of an
the pentagon to allocate the cuts in their best judgment rather than forcing certain cuts on them. that would be one helpful thing, but i think the bargaining power almost requires that we allow it to happen before -- before anybody is going to get serious about their negotiation. i agree. it's a terrible idea, but it's maybe a bad idea whose time has come. >> laura you say it's not next to happen. >> right. >> you say there's no debt crisis. how would you describe the 16 trillion debt. >> so what i would say, look, there were estimates out there at the beginning of the year we needed about $4 trillion to stabilize the debt-to-gdp ratio. we're about 60% of the way there. we do need additional revenue increases or spending cuts over the next decade, but let me emphasize. over the next decade. not at a moment in time when the economy has 7.9% unemployment and is operating under its capacity to the tune of maybe six percentage points below capacity. this is a terrible time to do what needs to be done, and it's also a terrible way to do it because it's like telling a business you have to cut ever
true from the first year i was in the pentagon in 1962. it is by far the best military acquisition program in the world than it is certainly better than other government agency acquisition programs, some of which have also been involved. >> we grade on a curve there. don't worry. [laughter] >> there are seven things here that lead us in the wrong direction that i want to mention. it's a little confrontational. i do not think there is a legislative way to fix the acquisition. i do think the point made by admiral roughead is extremely important. you have to get the acquisition process, the requirements process working together more seamlessly than the currently do. that would be an important step forward. i do not believe there is a legislative design that can fix the whole matter. it is my experience and the secretary proposition which we had a drawdown that was closer to the 16%, may be in excess of that, there and what is planned for today, that it is very important to look at these two proposals. one is to cut half the programs if it exceeds 10% of the design costs. i will point
briefing tuesday. >>> and leon panetta testified thursday saying the pentagon did not have any forces close to libya when the u.s. consulate was attacked last september. he also said for the first time, or he said for the first time that the defense department supported arming rebels in syria. that's a direct contrast to the official position of the obama administration. >>> funeral services will be held at arlington cemetery today for a virginia soldier. 28-year-old sergeant aaron whitman was a graduate of the citadel. he was on his second deployment to afghanistan when he was killed last month. he was the first u.s. combat casualty of the year. he was based out of fort stewart, georgia. >>> the first lady will attend the funeral of the murdered chicago teenager who performed at the president's inauguration. funeral services for hadiya pendleton will be held tomorrow. police say the drum majorette was talking with a group of friends last week when she was shot in the back by a stray bullet. so far, no arrests in this case. but it has brought renewed attention to chicago's high moderated an
of the pentagon's f-35 fighter jets. grounded after a cracked engine blade discovered on the air force version of the jet on routine inspection. all f-35s were grounded, even though the marines and navy use different versions. it is being sent to the manufacturer to figure out what happened. if you have an f-35, don't fly it today. >>> boeing hopes to get the dreamliner flying as soon as possible. executives met with the faa to talk about the ongoing battery issues that grounded the fleet in the first place. bowing is proposing a fix for the batteries, even though they don't know what caused them to overheat. the faa is reviewing the proposal closely. >>> microsoft has been hacked. a small number of computers infected with malware. the attack is similar to the recent ones that plagued apple, facebook and twitter. it doesn't appear any customers' information is affected. >>> dangerous flog in australia has killed at least two people. look at the pictures. many drivers left stranded because of rising waters there. >>> nearly four months after superstorm sandy ravaged the northeast. the last of t
the pentagon as outlined a series of major spending cuts that will kick in march 1st unless the president and congress reach a spending bill to avoid sequestration. many worry is to have a devastating effect of military. our very own willis joins us now. >> at least 1 trillion. and the cells of what this would look like. perez's cat. a third reduction on aircraft maintenance, elimination of airshows. cuts in funding for army intelligence surveillance aircraft and equipment. that is something you expect. just buy more than half the number of flying hours for planes on carriers in the mideast. is really starting to get that power protected, who is out there on our behalf, how many folks are really in harm's way watching out for our interest. tracy: we talked about how technology jobs and the military will be cut. that means we're not coming up with new ideas to protect ourselves from the bad guys. >> the debate over the sequestered, as you know, which has been ongoing. the big deal with republicans, republicans him as they said yesterday, the split, the not sure what to do the arms services
news. new nuclear test overnight from a defiant north korea. nbc is live at the pentagon. mick, what's the latest? >> reporter: good morning, savannah. we've been here before. this one has set off some serious alarm bells. first of all, early readings indicate that this nuclear device exploded by the north koreans may have been anywhere from three to six times more power than than previous tests. at the same time the north koreans claim they were able to achieve that with a much smaller device. that would indicate that they could be making progress in miniaturizing a nuclear weapon and it could be put on a missile and theoretically launched at the you states. no one is confirming that, but it got everyone's attention. this blast got the immediate and sharp response from the white house. president obama says it threatens. u.s. national security. he says the united states will continue to take steps necessary to defend ourselves and our allies. and as matt mentioned a moment ago, the security council at the u.n. meeting at this moment to discuss tightening and increasing sanctions agai
to see you. i wanted to put this up. this is what's on the cover of "usa today." pentagon warns of huge cuts. when you think about what's going on in washington, right now, and you think about the sequester that may or may not happen, and you think about your history in washington, do you think that we will have the sequester? >> andrew, i don't know. i think it's a very complicated situation. i think we had a great opportunity and i actually thought there was some reasonable chance it might happen, which was to have a grand bargain that could have addressed what is really unsustainable and deeply dangerous long-term fiscal situation and i think if we had done that, not only would be useful for the long run but i think could have generated confidence in the shorter run and promote jobs now. now instead of that we have a happen has 5rd process. a sequester we're facing. it's a terrible piece of legislation. it arbitrarily cuts defense and nondefense without thoughtfully doing so. instead of being phased in so we'd have more room for recovery, it hits abruptly. and it's far, far from clea
the sequester in a hurry, then yes, it's a real problem because it doesn't let the pentagon begin to plan and distribute, if you will, the cuts. but at the end of the day, whether it's defense spending, education spending, health spending, what always matters more than how much you spend is how you spend it. and so i'm not, at the end of the day, all that worried about how much we spend, whether it's on defense or anything else. you just want to have the time to make some intelligent cuts rather than have to make them literally in a matter of days which would probably mean that readiness more than anything else would be cut out of the defense department account. and that's probably the one thing you don't want cut out of it. >> sam stein, you're close and yet so far away over there at the jump seat. what are the odds that the sequester actually takes place? we know the president's proposed something to push them back a while. are we going to see these kind of cuts, the ones that were outlined in the sequester proposal? >> i think the odds are pretty high, to be honest. i don't think there
. the pentagon now cutting the amount of persian gulf aircraft carriers from two to one and delaying the fueling to save money. >> and others are ramping up spending and senior fellow at the advanced studies, lt. colonel tony schaeffer joins us now. >> how are you. >> alisyn: doing well. three weeks from now, march 1st, if congress doesn't get its act together there are sweeping military cuts set to go in place and this, at the same time that we know that china and russia, in the face of two decades will outpace us with their military spending. what do you make of that? >> well, firstoff, we spend 40% of the world's budget on defense right now and i think what we have to do is fix our strategy first. one of the problems is, ali, we have had the same basic frame work since 1947 and 1947 with some adjustments in the 80's, we figure out the real threats. i always talk about the beginning with the end in mind and this is where we have an opportunity here, since we won the cold war, we're ending the wars in afghanistan and iraq, time to rethink how we focus what we do. we've noticed spending money on
's not going to be any opportunity to cut pentagon spending in any serious way if you don't go over the cliff. so there is some stuff in there that i as a democrat don't like. but i think everybody's going to put something in the pot in order to balance the deficit. we did a lousy job in january on the tax side and i hope that -- i think it's better to go over the cliff than do a lousy job -- >> how many people do you know on your side of the field who actually agree with you? >> very few. look they're politicians. they want to spend as much money as they possibly can and they don't want to pay for it. >> who agrees with you? >> oh, i don't know. i bet -- oh, god, joe agrees with me. >> you forgot. the other thing, howard, and i'm just alluding to it, there will be no return to the bush era tax rates on anyone under $400,000? >> right. >> okay. so take that amount of money, whatever that is per year. how much do you need -- how many loopholes do you need to close? what is the marginal rate have to be on people above 400 to replace that potential revenue? it's 100%, isn't it? >> but i don't --
the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would have immediate impacts, more than 75
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